Paladin Wealth LLC Sells 6,811 Shares of SPDR SSgA Ultra Short Term Bond ETF (NYSEARCA:ULST)

Paladin Wealth LLC reduced its stake in SPDR SSgA Ultra Short Term Bond ETF (NYSEARCA:ULST) by 18.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 30,474 shares of the company’s stock after selling 6,811 shares during the quarter. SPDR SSgA Ultra Short Term Bond ETF comprises approximately 1.1% of Paladin Wealth LLC’s holdings, making the stock its 25th biggest position. Paladin Wealth LLC’s holdings in SPDR SSgA Ultra Short Term Bond ETF were worth $1,231,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of ULST. Private Trust Co. NA increased its position in SPDR SSgA Ultra Short Term Bond ETF by 177.1% in the third quarter. Private Trust Co. NA now owns 1,707 shares of the company’s stock worth $70,000 after purchasing an additional 1,091 shares during the last quarter. Fifth Third Securities Inc. bought a new stake in shares of SPDR SSgA Ultra Short Term Bond ETF in the 4th quarter worth about $204,000. Zega Financial LLC bought a new stake in shares of SPDR SSgA Ultra Short Term Bond ETF in the 3rd quarter worth about $258,000. Canvas Wealth Advisors LLC lifted its holdings in shares of SPDR SSgA Ultra Short Term Bond ETF by 4.0% in the 4th quarter. Canvas Wealth Advisors LLC now owns 6,500 shares of the company’s stock valued at $263,000 after acquiring an additional 250 shares during the last quarter. Finally, McAdam LLC purchased a new position in SPDR SSgA Ultra Short Term Bond ETF in the fourth quarter worth about $265,000.

SPDR SSgA Ultra Short Term Bond ETF Price Performance

Shares of NYSEARCA ULST opened at $40.44 on Tuesday. SPDR SSgA Ultra Short Term Bond ETF has a 1-year low of $40.24 and a 1-year high of $40.84. The business’s 50 day moving average is $40.45 and its two-hundred day moving average is $40.55.

SPDR SSgA Ultra Short Term Bond ETF Profile

The SPDR SSgA Ultra Short Term Bond ETF (ULST) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that aims to maximize income and preserve capital using USD-denominated fixed-income securities with maturities ranging from 6 to 18 months and durations of 3 to 6 months.